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VN receives substantial investment from these 5 countries

June 22, 2023 00:20 AM

According to the Ministry of Planning and Investment, the total amount of FDI invested in Vietnam by foreign firms in May 2023 is anticipated to be $10.86 billion.

Five powerful nations have “poured capital” into Vietnam in order to grow commerce and manufacturing.

5 prominent nations invest in Vietnam

In the first five months of 2023, foreign firms continued to maintain and expand production and commercial activity in Vietnam. Foreign investors accomplished 926 new licensed investment projects totaling $5.26 billion, 485 capital modification applications, and over 1,278 capital acquisition transactions (source: Ministry of Planning and Investment).

As many as 82 nations and territories invest in Vietnam, with five countries – Singapore, Japan, China, Taiwan, and South Korea – being the “pouring money” names that invest the most.

  • Singapore led the way with 2.53 billion USD, accounting for more than 23.3% of total investment in Vietnam during the first five months of 2023.
  • Japan was placed second, accounting for 19.1% of total capital with $2.07 billion.
  • China came in third with $1.6 billion, or 14.7% of the total.
  • Taiwan is ranked fourth, with $0.78 billion accounting for 7.2% of the total.
  • South Korea was rated fifth, with $0.67 billion, or 6.2% of the total.

South Korea leads in terms of project volume not only in terms of fresh investment volume and capital expansion, but also in equity purchases.

According to the Ministry of Planning and Investment, FDI has been invested in 18 of the 21 national economic sectors. Manufacturing led the way with more than US$6.64 billion, accounting for 61.2% of total registered investment.

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